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Statement of Investments as at 28 February 2014

Investment Nominal/Shares Market Value Net Assets USD % TRANSFERABLE SECURITIES ADMITTED TO AN OFFICIAL STOCK EXCHANGE LISTING OR DEALT IN ON ANOTHER REGULATED MARKET

EQUITIES General Motors Co 6,868 252,571 0.29 Goodyear Tire & Rubber Co (Preferred) 1,001 74,314 0.08 TOTAL EQUITIES 326,885 0.37

BONDS

Access Midstream Partners LP / ACMP Finance Corp 5.875% USD 15/04/2021 230,000 246,675 0.28 Access Midstream Partners LP / ACMP Finance Corp 6.125% USD 15/07/2022 105,000 114,188 0.13 AES Corp 7.375% USD 01/07/2021 813,000 928,853 1.06 AES Corp 8% USD 15/10/2017 7,000 8,295 0.01 AG Spring Finance II Ltd 9.5% EUR 01/06/2019 300,000 438,129 0.50 Aircastle Ltd 6.25% USD 01/12/2019 175,000 191,625 0.22 Aircastle Ltd 7.625% USD 15/04/2020 836,000 955,130 1.08 Albea Beauty Holdings SA 8.75% EUR 01/11/2019 100,000 149,329 0.17 Ally Financial Inc 7.5% USD 15/09/2020 680,000 825,349 0.95 Ally Financial Inc 8% USD 15/03/2020 242,000 300,685 0.34 America West Airlines 2001-1 Pass Through Trust 7.1% USD 02/04/2021 48,863 53,505 0.06 American Axle & Manufacturing Inc 6.25% USD 15/03/2021 200,000 215,000 0.25 AmeriGas Finance LLC 7% USD 20/05/2022 548,000 604,170 0.69 Amkor Technology Inc 6.625% USD 01/06/2021 430,000 457,950 0.52 Anixter Inc 5.625% USD 01/05/2019 35,000 37,363 0.04 Antero Resources Finance Corp 6% USD 01/12/2020 500,000 533,750 0.61 ArcelorMittal 5.75% USD 05/08/2020 45,000 48,375 0.06 ArcelorMittal 6% USD 01/03/2021 466,000 505,610 0.57 Astaldi SpA 7.125% EUR 01/12/2020 100,000 147,428 0.17 Atlas Pipeline Partners LP 6.625% USD 01/10/2020 638,000 684,254 0.78 Atwood Oceanics Inc 6.5% USD 01/02/2020 130,000 140,725 0.16 Autodis SA 6.5% EUR 01/02/2019 400,000 560,723 0.64 Avaya Inc 144A 9% USD 01/04/2019 250,000 260,625 0.30 Avis Budget Finance Plc 6% EUR 01/03/2021 115,000 169,664 0.19 B/E Aerospace Inc 5.25% USD 01/04/2022 55,000 56,994 0.07 Bakkavor Finance 2 Plc 8.25% GBP 15/02/2018 400,000 715,799 0.82 Ball Corp 5.75% USD 15/05/2021 866,000 926,619 1.06 Basic Energy Services Inc 7.75% USD 15/02/2019 51,000 54,570 0.06 Beazer Homes USA Inc 9.125% USD 15/06/2018 295,000 314,175 0.36 Berry Petroleum Co LLC 6.375% USD 15/09/2022 229,000 239,591 0.27 Berry Petroleum Co LLC 6.75% USD 01/11/2020 145,000 154,425 0.18 Bertin SA 10.25% USD 05/10/2016 100,000 112,875 0.13 Biomet Inc 6.5% USD 01/08/2020 436,000 472,515 0.54 Biomet Inc 6.5% USD 01/10/2020 390,000 417,788 0.48 Boise Cascade Co 6.375% USD 01/11/2020 150,000 160,875 0.18 Bombardier Inc 7.75% USD 15/03/2020 105,000 117,600 0.14 Bonanza Creek Energy Inc 6.75% USD 15/04/2021 407,000 437,525 0.50 Boyd Gaming Corp 9% USD 01/07/2020 336,000 367,080 0.42 Boyd Gaming Corp 9.125% USD 01/12/2018 81,000 88,088 0.10 Bristow Group Inc 6.25% USD 15/10/2022 834,000 889,253 1.02 Cabot Financial Luxembourg SA 10.375% GBP 01/10/2019 100,000 191,761 0.22 Caesars Entertainment Operating Co Inc 9% USD 15/02/2020 860,000 838,499 0.96 Caesars Entertainment Operating Co Inc 10% USD 15/12/2015 107,000 89,345 0.10 CCO Holdings LLC 6.5% USD 30/04/2021 418,000 448,305 0.51 Cemex SAB de CV 5.875% USD 25/03/2019 500,000 516,875 0.59 Central European Media Enterprises Ltd 11.625% EUR 15/09/2016 50,000 68,626 0.08 Chaparral Energy Inc 7.625% USD 15/11/2022 270,000 294,300 0.34 Chaparral Energy Inc 8.25% USD 01/09/2021 276,000 303,600 0.35 Chemtura Corp 5.75% USD 15/07/2021 425,000 442,531 0.51 Chesapeake Energy Corp 6.625% USD 15/08/2020 175,000 200,813 0.23 Chiquita Brands International Inc 4.25% USD 15/08/2016 180,000 177,975 0.20 Cimarex Energy Co 5.875% USD 01/05/2022 585,000 636,188 0.73 CIT Group Inc 5% USD 15/08/2022 785,000 826,785 0.95 JBS SA 10.5% USD 04/08/2016 100,000 112,750 0.13 Jerrold Finco Plc 9.75% GBP 15/09/2018 350,000 647,320 0.73 K Hovnanian Enterprises Inc 6.25% USD 15/01/2016 382,000 405,875 0.46 K Hovnanian Enterprises Inc 7.5% USD 15/05/2016 80,000 87,200 0.10 K Hovnanian Enterprises Inc 11.875% USD 15/10/2015 20,000 23,050 0.03 KB Home 7% USD 15/12/2021 425,000 456,875 0.52 KB Home 7.5% USD 15/09/2022 25,000 27,250 0.03 Key Energy Services Inc 6.75% USD 01/03/2021 166,000 174,300 0.20 Kleopatra Holdings 1 SCA 10.25% EUR 15/08/2017 264,284 387,336 0.44

Invesco US High Yield Bond Fund

Statement of Investments as at 28 February 2014

Investment Nominal/Shares Market Value Net Assets USD % BONDS (continued) Kodiak Oil & Gas Corp 5.5% USD 15/01/2021 204,000 209,610 0.24 L Brands Inc 5.625% USD 15/02/2022 260,000 273,000 0.31 L Brands Inc 6.625% USD 01/04/2021 55,000 61,875 0.07 La Financiere Atalian SAS 7.25% EUR 15/01/2020 250,000 368,987 0.42 Ladder Capital Finance Holdings LLLP 7.375% USD 01/10/2017 230,000 245,525 0.28 Laredo Petroleum Inc 7.375% USD 01/05/2022 237,000 264,255 0.30 Lennar Corp 6.95% USD 01/06/2018 90,000 101,925 0.12 Level 3 Communications Inc 8.875% USD 01/06/2019 43,000 47,515 0.05 Level 3 Financing Inc 7% USD 01/06/2020 1,111,000 1,216,544 1.40 Levi Strauss & Co 6.875% USD 01/05/2022 250,000 275,625 0.31 Levi Strauss & Co 7.625% USD 15/05/2020 75,000 82,125 0.09 LIN Television Corp 6.375% USD 15/01/2021 440,000 468,600 0.53 Lowell Group Financing Plc 10.75% GBP 01/04/2019 100,000 190,643 0.22 M/I Homes Inc 8.625% USD 15/11/2018 330,000 358,875 0.41 Manitowoc Co Inc 5.875% USD 15/10/2022 150,000 158,250 0.18 Manutencoop Facility Management SpA 8.5% EUR 01/08/2020 400,000 601,757 0.68 MarkWest Energy Partners LP 5.5% USD 15/02/2023 165,000 169,950 0.19 MarkWest Energy Partners LP 6.5% USD 15/08/2021 337,000 366,488 0.42 Meritor Inc 6.25% USD 15/02/2024 225,000 230,625 0.26 MetroPCS Wireless Inc 6.625% USD 15/11/2020 355,000 382,069 0.44 MGM Resorts International 6.625% USD 15/12/2021 230,000 253,288 0.29 MGM Resorts International 6.75% USD 01/10/2020 160,000 178,000 0.20 MGM Resorts International 7.75% USD 15/03/2022 699,000 807,345 0.92 Mobile Challenger Intermediate Group SA 8.75% CHF 15/03/2019 200,000 235,308 0.27 MPT Operating Partnership LP 6.875% USD 01/05/2021 65,000 70,525 0.08 Nara Cable Funding Ltd 8.875% USD 01/12/2018 200,000 218,500 0.25 Nara Cable Funding Ltd 8.875% EUR 01/12/2018 250,000 376,495 0.43 Navistar International Corp 8.25% USD 01/11/2021 255,000 267,113 0.30 New Look Bondco I Plc 8.75% GBP 14/05/2018 100,000 180,837 0.21 Newfield Exploration Co 6.875% USD 01/02/2020 369,000 397,598 0.45 Norbord Inc 144A 5.375% USD 01/12/2020 99,000 100,238 0.11 Nortek Inc 8.5% USD 15/04/2021 835,000 937,287 1.06 Nortek Inc 10% USD 01/12/2018 144,000 159,480 0.18 NRG Energy Inc 7.625% USD 15/01/2018 100,000 113,500 0.13 NRG Energy Inc 7.875% USD 15/05/2021 605,000 674,575 0.77 Orange SA FRN GBP Perpetual 320,000 540,942 0.62 Outerwall Inc 6% USD 15/03/2019 270,000 282,150 0.32 Peabody Energy Corp 6.5% USD 15/09/2020 250,000 266,250 0.30 Pendragon Plc 6.875% GBP 01/05/2020 300,000 534,384 0.62 PH Glatfelter Co 5.375% USD 15/10/2020 791,000 818,684 0.93 Pinnacle Entertainment Inc 7.5% USD 15/04/2021 330,000 360,525 0.41 Play Finance 2 SA 5.25% EUR 01/02/2019 245,000 347,865 0.40 PolyOne Corp 7.375% USD 15/09/2020 58,000 63,873 0.07 Post Holdings Inc 7.375% USD 15/02/2022 202,000 220,685 0.25 Precision Drilling Corp 6.625% USD 15/11/2020 502,000 542,160 0.62 PVH Corp 4.5% USD 15/12/2022 90,000 88,425 0.10 PVR Partners LP 8.375% USD 01/06/2020 392,000 440,020 0.50 QEP Resources Inc 5.25% USD 01/05/2023 167,000 167,418 0.19 QEP Resources Inc 5.375% USD 01/10/2022 319,000 322,190 0.37 R&R Pik Plc 9.25% EUR 15/05/2018 100,000 141,929 0.16 Range Resources Corp 5% USD 15/08/2022 130,000 133,250 0.15 Regency Energy Partners LP 5.75% USD 01/09/2020 71,000 74,550 0.09 Regency Energy Partners LP 6.5% USD 15/07/2021 747,000 810,494 0.93 Regions Bank 6.45% USD 26/06/2037 250,000 277,583 0.32 Rent-A-Center Inc 6.625% USD 15/11/2020 185,000 193,788 0.22 Reynolds Group Issuer Inc 5.75% USD 15/10/2020 702,000 736,222 0.85 Reynolds Group Issuer Inc 7.125% USD 15/04/2019 100,000 106,875 0.12 Reynolds Group Issuer Inc 9.875% USD 15/08/2019 110,000 124,300 0.14 RHP Hotel Properties LP 5% USD 15/04/2021 169,000 170,268 0.19 Rosetta Resources Inc 5.625% USD 01/05/2021 276,000 285,660 0.33 Rosetta Resources Inc 5.875% USD 01/06/2022 149,000 152,911 0.17 Royal Bank of Scotland Group Plc 6.125% USD 15/12/2022 115,000 121,315 0.14 Royal Bank of Scotland Plc FRN USD 16/03/2022 511,000 604,411 0.69 Royal Caribbean Cruises Ltd 7.25% USD 15/03/2018 25,000 29,000 0.03 RR Donnelley & Sons Co 7.875% USD 15/03/2021 75,000 84,938 0.10 Ryland Group Inc 5.375% USD 01/10/2022 290,000 285,650 0.33 Sally Holdings LLC 5.5% USD 01/11/2023 140,000 142,100 0.16 Sally Holdings LLC 5.75% USD 01/06/2022 302,000 317,855 0.36

96 Invesco Funds

Invesco US High Yield Bond Fund

Statement of Investments as at 28 February 2014

Investment Nominal/Shares Market Value Net Assets USD % BONDS (continued)

SandRidge Energy Inc 7.5% USD 15/03/2021 751,000 794,182 0.91 SBA Communications Corp 5.625% USD 01/10/2019 379,000 399,845 0.46 Schaeffler Finance BV 4.25% EUR 15/05/2018 300,000 433,035 0.49 Schaeffler Holding Finance BV 6.875% EUR 15/08/2018 200,000 295,879 0.34 SM Energy Co 6.5% USD 15/11/2021 600,000 650,999 0.74 Speedway Motorsports Inc 6.75% USD 01/02/2019 105,000 111,825 0.13 Spie BondCo 3 SCA 11% EUR 15/08/2019 100,000 157,904 0.18 Spirit AeroSystems Inc 6.75% USD 15/12/2020 403,000 435,240 0.50 Sprint Capital Corp 6.9% USD 01/05/2019 110,000 121,413 0.14 Sprint Communications Inc 6% USD 15/11/2022 567,000 582,592 0.67 Sprint Communications Inc 7% USD 15/08/2020 371,000 406,245 0.46 Starz LLC 5% USD 15/09/2019 329,000 343,805 0.39 Steel Dynamics Inc 6.375% USD 15/08/2022 493,000 542,300 0.62 Suburban Propane Partners LP 7.375% USD 15/03/2020 238,000 257,040 0.29 Suburban Propane Partners LP 7.375% USD 01/08/2021 258,000 285,735 0.33 Synovus Financial Corp 5.125% USD 15/06/2017 287,000 301,350 0.34 Synovus Financial Corp 7.875% USD 15/02/2019 630,000 718,988 0.82 Takko Luxembourg 2 S.C.A 9.875% EUR 15/04/2019 100,000 124,140 0.14 Targa Resources Partners LP 6.875% USD 01/02/2021 788,000 858,919 0.98 Tenet Healthcare Corp 8% USD 01/08/2020 670,000 737,837 0.85 Terex Corp 6% USD 15/05/2021 290,000 306,675 0.35 Terex Corp 6.5% USD 01/04/2020 25,000 27,188 0.03 Tesoro Logistics LP 5.875% USD 01/10/2020 532,000 555,940 0.63 Texas Industries Inc 9.25% USD 15/08/2020 815,000 948,455 1.07 Thomas Cook Finance Plc 7.75% EUR 15/06/2020 100,000 151,906 0.17 Thomas Cook Group Plc 7.75% GBP 22/06/2017 140,000 258,724 0.30 T-Mobile USA Inc 6.25% USD 01/04/2021 370,000 395,438 0.45 T-Mobile USA Inc 6.542% USD 28/04/2020 239,000 259,614 0.30 T-Mobile USA Inc 6.633% USD 28/04/2021 176,000 190,740 0.22 T-Mobile USA Inc 6.836% USD 28/04/2023 273,000 295,864 0.34 TransDigm Inc 5.5% USD 15/10/2020 134,000 136,345 0.16 TransDigm Inc 7.5% USD 15/07/2021 220,000 243,650 0.28 Tutor Perini Corp 7.625% USD 01/11/2018 55,000 59,056 0.07 United Continental Holdings Inc 6.375% USD 01/06/2018 755,000 809,737 0.92 United Refining Co 10.5% USD 28/02/2018 30,000 33,675 0.04 United Rentals North America Inc 6.125% USD 15/06/2023 175,000 185,938 0.21 United Rentals North America Inc 8.25% USD 01/02/2021 50,000 56,625 0.06 United States Steel Corp 7.375% USD 01/04/2020 609,000 668,378 0.76 United States Steel Corp 7.5% USD 15/03/2022 170,000 182,325 0.21 Universal Hospital Services Inc 7.625% USD 15/08/2020 365,000 394,200 0.45 UPC Holding BV 6.75% CHF 15/03/2023 150,000 183,201 0.21 UPC Holding BV 6.75% EUR 15/03/2023 100,000 148,705 0.17 US Airways 2013-1 Class B Pass Through Trust 5.375% USD 15/05/2023 100,000 101,625 0.12 USG Corp 9.75% USD 15/01/2018 332,000 400,890 0.46 Valeant Pharmaceuticals International 6.375% USD 15/10/2020 405,000 443,981 0.51 Vedanta Resources Plc 6% USD 31/01/2019 450,000 447,750 0.51 ViaSat Inc 6.875% USD 15/06/2020 315,000 336,263 0.38 Vimpel Communications Via VIP Finance Ireland Ltd OJSC 7.748% USD 02/02/2021 200,000 215,420 0.25 Virgin Media Finance Plc 7% GBP 15/04/2023 400,000 708,822 0.81 Virgin Media Secured Finance Plc 6% GBP 15/04/2021 100,000 175,834 0.20 WellCare Health Plans Inc 5.75% USD 15/11/2020 235,000 246,163 0.28 Whiting Petroleum Corp 5.75% USD 15/03/2021 394,000 426,505 0.49 Wind Acquisition Finance SA 6.5% USD 30/04/2020 200,000 221,500 0.25 Wind Acquisition Finance SA 7.25% USD 15/02/2018 200,000 211,500 0.24 Wind Acquisition Finance SA 11.75% USD 15/07/2017 200,000 212,000 0.24 WPX Energy Inc 6% USD 15/01/2022 371,000 379,348 0.43 Zions Bancorporation FRN USD Perpetual 150,000 137,625 0.16 Zobele Holding SpA 7.875% EUR 01/02/2018 100,000 147,032 0.17 TOTAL BONDS 82,967,347 94.72

TOTAL TRANSFERABLE SECURITIES ADMITTED TO AN OFFICIAL STOCK EXCHANGE

LISTING OR DEALT IN ON ANOTHER REGULATED MARKET 83,294,232 95.09

Total Investments 83,294,232 95.09 The accompanying notes form an integral part of these financial statements.